Short answer
Sable Offshore Corp. (SOC) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $1M with net income of −$197M.
Q1 2026 key financials · XBRL
- Revenue
- $1M
- Net income
- −$197M
- −79.9% YoY
- Operating margin
- -9343.4%
- EPS (diluted)
- −$1.37
- −5.4% YoY
Source: XBRL data from the Sable Offshore Corp. (SOC) Q1 2026 10-Q on SEC EDGAR. USD.
Sable Offshore Corp. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $1.3M, up 100.0% YoY from $0, on 13.4 Mboe sold
- Net loss $197.0M vs $109.5M; operating margin -9,343.9% vs not meaningful
- Operations and maintenance worst cost trend, $68.0M vs $34.4M, up 98%
- Cash $52.2M; operating cash outflow $82.2M vs $47.9M
- ATM offering raised $72.4M; full-year 2026 capital expenditures expected at $203.3M
- Outlook: 74 wells online expected during Q2; refinancing targeted before June 26 maturity, with substantial going-concern doubt
Risk Factors
- New risk: emerging-growth-company status may reduce stock attractiveness through limited disclosures
- Regulatory change: loss of emerging-growth-company exemptions effective December 31, 2026
- Reporting risk: delayed accounting-standard adoption may reduce comparability with public-company peers
- Market risk: reduced disclosures could produce less-active trading and greater share-price volatility
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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